Usually by extension, and the rental contract asks for more than the policy gives by default. Most contractors equipment forms include a limit for equipment rented, leased, or borrowed, often smaller than the limit on your owned tools. The rental agreement is the part to read. It commonly requires coverage at full replacement value, names the rental company as loss payee, and holds you responsible for continuing rental charges while a damaged machine is repaired. That loss-of-use exposure is not automatic and has to be added. Send us the agreement before the delivery arrives.
Related FAQs
File a police report the same day, then send us the inventory. Serial numbers, purchase receipts, and photographs are what turn a claim into a paid claim, and they ...
Schedule it, and match the policy to the lease. Short-term rentals usually fall under the rented equipment extension. Equipment on a long-term lease or a lease-purchase is different. The ...
Generally yes, and the exception is the one that catches people. A contractors equipment floater is written to follow property that moves, so tools in a truck between sites ...
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